Three-Unit Second-Floor
For Sale
Contact for pricing
234 Main St, Lincoln Park, NJ 07035
Flexible professional space with natural light, central HVAC, and convenient on-site parking.
Property Size5,500 SF
Price / SF$0.00
Days on Market50
Property Features for 234 Main St
General Information
Standard status
Active
Size
5,500 SF
Total Parking Spaces
30
Additional Details
Floor
2
Office Units
3
Amenities
central air conditioning and heating
excellent natural light
Building Details
Year Built
1920
Listing Agency:
PROMINENT PROPERTIES SIR
Listed By:
MATTHEW ERRICHIELLO
(201) 403-4067
Source:
Luminancerealty
Added: Sep 16
Changed: Oct 26
Last Checked: Oct 5 at 10:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PROMINENT PROPERTIES SIR
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Investment Insights
Based on property information with market context.
This second-floor office property provides 5,500 SF across three separate spaces measuring 2,662 SF, 2,252 SF, and 595 SF. The layout combines private offices with open areas, offering adaptable workspace for professional, service-oriented, or retail-related operations. Central air conditioning and heating support year-round comfort, while abundant natural light enhances the interior environment.
Approximately 30 on-site parking spaces serve employees and visitors. The property is located at 234 Main St in Lincoln Park Boro, NJ, with access to surrounding towns and major roadways. Built in 1920, the building presents a multi-suite commercial setting with distinct occupancy options.
Approximately 30 on-site parking spaces serve employees and visitors. The property is located at 234 Main St in Lincoln Park Boro, NJ, with access to surrounding towns and major roadways. Built in 1920, the building presents a multi-suite commercial setting with distinct occupancy options.
Key Highlights
- 5,500 SF of second‑floor office space
- Three separate suites: 2,662 SF, 2,252 SF, and 595 SF
- Approximately 30 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,150
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,683,000
$1.7M
Cap Rate 7%
$1,202,143
$1.2M
Cap Rate 9%
$935,000
$935.0K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$165.0K $30.00/SF
− Vacancy
−$52.8K −$9.60/SF
EGI
$112.2K $20.40/SF
− OpEx
−$28.1K −$5.10/SF
NOI
$84.2K $15.30/SF
Area
Morris County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,683,000
Cap Rate 7%
$1,202,143
Cap Rate 9%
$935,000
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $84,150 @ 7.0% cap · market cap 420,750.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,531 @ 7.0% cap · market cap 502,655.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
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Business Placement
Demographics for 07035, NJ
11,015
Population
4,353
Households
2.5
Avg Household Size
46
Median Age
45%
College-Educated
93%
High-School Grad
6.7 sq mi
ZIP Area
1,644
Density / Sq Mi
$117,929
Median Household Income
$59,547
Median Earnings
$1,824
Median Rent
$422,700
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible professional space with natural light, central HVAC, and convenient on-site parking.
Where is this office unit located?
The property is located at 234 Main St Lincoln Park, NJ.
What are key features of this property?
This property features: 5,500 SF of second‑floor office space; Three separate suites: 2,662 SF, 2,252 SF, and 595 SF; Approximately 30 on‑site parking spaces
